Global Space Mining Market Overview 

The Global Space Mining Market size is estimated to reach $52.9 Million by 2026, growing at a CAGR of 10.1% over the forecast period of 2022-2026. Exploiting asteroids and other minor planets, including near-Earth objects, for raw minerals is called space mining. Minerals are extracted from an asteroid or a spent comet, used in space for construction, or returned to Earth. Different mining minerals' technology and economic viability beyond Earth are quickly approaching. In addition, the Internet of Things (IoT), electric vehicles (EVs), and utility-scale electric production and storage are all driving up demand for rare earth elements (REEs).

Impact of COVID-19 on Space Mining Market

COVID-19 outbreak negatively impacted the space mining market as small and medium space sector firms were struggling to cope with the high cost required to enter the market.

Key Takeaways from Global Space Mining Market Report:

• Evaluate market potential through analyzing growth rates (CAGR %), Volume (Units), and Value ($M) data given at country level – for a product, applications, and by different industry verticals. Understand the various market dynamics – key driving factors, challenges, and hidden opportunities.
• Get in-depth insights on your competitor's performance – market shares, strategies, financial benchmarking, product benchmarking, SWOT, and more.
• Analyze the sales and distribution channels across key geographies to improve top-line revenues.
• Understand the industry supply chain with a deep dive on the value augmentation at each step to optimize value and bring efficiencies in your processes. 
• Get a quick outlook on the market entropy – M&As, deals, partnerships, product launches of all key players for the past four years. 
• Evaluate the supply-demand gaps, import-export statistics, and regulatory landscape for more than the top 20 countries globally for the market.

By Phase, the Spacecraft design segment is estimated to hold the largest market share during the forecast period.

Based on Phase, Global Space Mining Market is segmented into spacecraft design, launch and, operation. A spacecraft is a vehicle designed to travel across space. It serves various functions, including communications, earth observation, meteorology, navigation, space colonization, planetary exploration, and passenger and freight transportation. The entire spacecraft is developed based on the mission type and includes numerous equipment such as radiometers, spectrometers, thermal emission and reflection systems, cameras, magnetometers, multispectral scanners, altitude control, and electric power systems. Because the spacecraft must withstand critical or harsh conditions in space, such as microgravity, the spaceship's design is crucial.

The Asia Pacific to account for the largest market share during the forecast period

North America dominated the space mining market with a share of xx% in 2020. Because of expanding space exploration demand from established organizations such as NASA and the Department of Defense, an increasing reliance on space resources, and the need to maintain safe space activities in this region. 

Several nations in the area have begun to emphasize the space mining industry. As a result, the market in Asia-Pacific is predicted to develop at the fastest CAGR during the forecast period. However, China is in a technical arms race with the US to resist the latter's growing aspirations to control space trade.

Market Dynamics

Driver: 

Better technological developments in space technology are driving the market demand

The rise of the space mining business has been spurred by a mix of better technology, lower costs, and a rush of competitive energy from the private sector. Indeed, many observers (even those on the ground) feel that commercial breakthroughs in the space sector are on the verge of kicking off the world's most incredible resource rush: mining on the Moon, Mars, and asteroids.

Challenge:

Increased costs associated with asteroid mining are set to limit the market growth.

Increased expenses associated with asteroid mining and prospecting missions and delayed returns on investment are among the primary factors limiting market growth and posing further challenges to the space mining industry over the projection period.

Key Market Players

Key Players in Global Space Mining Market consist of Deep Space Industries, Planetary Resources, Moon Express, ispace, Asteroid Mining Corporation (UK); Shackleton Energy Company, Kleos Space, TransAstra, National Aeronautics, and Space Administration, European Space Agency, among others.

Developments

Bradford, a US-based space systems manufacturer with operations in the Netherlands and Sweden, announced the acquisition of Deep Space Industries Inc. in January 2019. The market is projected to become even more consolidated due to these purchases.

Report Coverage and Scope

The report "Global Space Mining Market" by Research Informatic covers an in-depth detailed analysis for the following segment covered under the scope.

By Phase

• Spacecraft Design
• Launch
• Operation

By Type of Asteroid

• Type C
• Type S
• Type M

Geography

• North America
• Europe
• APAC
• RoW

Chapter 1 Space Mining Market Overview

1.1 Product Overview and Scope of Space Mining

1.2 Space Mining Market Segmentation By Phase

1.2.1 Spacecraft Design

1.2.2 Launch

1.2.3 Operation

1.3 Space Mining Market Segmentation By Type of Asteroid

1.3.1 Type C

1.3.2 Type S

1.3.3 Type M

1.4 Space Mining Market Segmentation by Regions

1.4.1 North America

1.4.2 China

1.4.3 Europe

1.4.4 Southeast Asia

1.4.5 Japan

1.4.6 India

1.5 Global Market Size (Value) of Space Mining (2016-2021)

Chapter 2 Global Economic Impact on Space Mining Industry

2.1 Global Macroeconomic Environment Analysis

2.1.1 Global Macroeconomic Analysis

2.1.2 Global Macroeconomic Environment Development Trend

2.2 Global Macroeconomic Environment Analysis by Regions

Chapter 3 Global Space Mining Market Competition by Manufacturers

3.1 Global Space Mining Production and Share by Manufacturers (2016-2021)

3.2 Global Space Mining Revenue and Share by Manufacturers (2016-2021)

3.3 Global Space Mining Average Price by Manufacturers (2016-2021)

3.4 Manufacturers Space Mining Manufacturing Base Distribution, Production Area and Product Type

3.5 Space Mining Market Competitive Situation and Trends

3.5.1 Space Mining Market Concentration Rate

3.5.2 Space Mining Market Share of Top 3 and Top 5 Manufacturers

3.5.3 Mergers & Acquisitions, Expansion

Chapter 4 Global Space Mining Production, Revenue (Value) by Region (2016-2021)

4.1 Global Space Mining Production by Region (2016-2021)

4.2 Global Space Mining Production Market Share by Region (2016-2021)

4.3 Global Space Mining Revenue (Value) and Market Share by Region (2016-2021)

4.4 Global Space Mining Production, Revenue, Price and Gross Margin (2016-2021)

4.5 North America Space Mining Production, Revenue, Price and Gross Margin (2016-2021)

4.6 Europe Space Mining Production, Revenue, Price and Gross Margin (2016-2021)

4.7 China Space Mining Production, Revenue, Price and Gross Margin (2016-2021)

4.8 Japan Space Mining Production, Revenue, Price and Gross Margin (2016-2021)

4.9 Southeast Asia Space Mining Production, Revenue, Price and Gross Margin (2016-2021)

4.10 India Space Mining Production, Revenue, Price and Gross Margin (2016-2021)

Chapter 5 Global Space Mining Supply (Production), Consumption, Export, Import by Regions (2016-2021)

5.1 Global Space Mining Consumption by Regions (2016-2021)

5.2 North America Space Mining Production, Consumption, Export, Import by Regions (2016-2021)

5.3 Europe Space Mining Production, Consumption, Export, Import by Regions (2016-2021)

5.4 China Space Mining Production, Consumption, Export, Import by Regions (2016-2021)

5.5 Japan Space Mining Production, Consumption, Export, Import by Regions (2016-2021)

5.6 Southeast Asia Space Mining Production, Consumption, Export, Import by Regions (2016-2021)

5.7 India Space Mining Production, Consumption, Export, Import by Regions (2016-2021)

Chapter 6 Global Space Mining Production, Revenue (Value), Price Trend by Type

6.1 Global Space Mining Production and Market Share by Type (2016-2021)

6.2 Global Space Mining Revenue and Market Share by Type (2016-2021)

6.3 Global Space Mining Price by Type (2016-2021)

6.4 Global Space Mining Production Growth by Type (2016-2021)

Chapter 7 Global Space Mining Market Analysis by Application

7.1 Global Space Mining Consumption and Market Share by Application (2016-2021)

7.2 Global Space Mining Consumption Growth Rate by Application (2016-2021)

7.3 Market Drivers and Opportunities

7.3.1 Potential Applications

7.3.2 Emerging Markets/Countries

Chapter 8 Space Mining Manufacturing Cost Analysis

8.1 Space Mining Key Raw Materials Analysis

8.1.1 Key Raw Materials

8.1.2 Price Trend of Key Raw Materials

8.1.3 Key Suppliers of Raw Materials

8.1.4 Market Concentration Rate of Raw Materials

8.2 Proportion of Manufacturing Cost Structure

8.2.1 Raw Materials

8.2.2 Labour Cost

8.2.3 Manufacturing Expenses

8.3 Manufacturing Process Analysis of Space Mining

Chapter 9 Industrial Chain, Sourcing Strategy and Downstream Buyers

9.1 Space Mining Industrial Chain Analysis

9.2 Upstream Raw Materials Sourcing

9.3 Raw Materials Sources of Space Mining Major Manufacturers in 2022

9.4 Downstream Buyers

Chapter 10 Marketing Strategy Analysis, Distributors/Traders

10.1 Marketing Channel

10.1.1 Direct Marketing

10.1.2 Indirect Marketing

10.1.3 Marketing Channel Development Trend

10.2 Market Positioning

10.2.1 Pricing Strategy

10.2.2 Brand Strategy

10.2.3 Target Client

10.3 Distributors/Traders List

Chapter 11 Market Effect Factors Analysis

11.1 Technology Progress/Risk

11.1.1 Substitutes Threat

11.1.2 Technology Progress in Related Industry

11.2 Consumer Needs/Customer Preference Change

11.3 Economic/Political Environmental Change

Chapter 12 Global Space Mining Market Forecast (2022 - 2026)

12.1 Global Space Mining Production, Revenue Forecast (2022 - 2026)

12.2 Global Space Mining Production, Consumption Forecast by Regions (2022 - 2026)

12.3 Global Space Mining Production Forecast by Type (2022 - 2026)

12.4 Global Space Mining Consumption Forecast by Application (2022 - 2026)

12.5 Space Mining Price Forecast (2021-2027)

Chapter 13 Appendix